Mortgage Rule Changes Effective January 1st, 2018

Posted by Richard Kitts on Mon, Nov 13, 2017 @10:31 AM

These changes put in place by OSFI affect everyone with a mortgage or who will be applying for a mortgage for a purchase, refinance, switch or transfer.

We are recommending that you contact us ASAP if you would like a free Stress Test before changes are made. There is also debate that some Financial Institutions may start this before Jan 1, 2018.

Now, more than ever, our experience and ability to fund a variety of mortgages with the Retail Banks, Credit Unions, Variety of A and B Institutions along with our own Private funds should be the first choice for all consumers

Contact The Mortgage Centre Kitchener Waterloo for more information 519-743-4365 or [email protected]

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Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
[email protected]
519-743-4365

Tags: Kitchener-Waterloo, mortgage broker kitchener waterloo, The Mortgage Centre KW, Mortgage broker Kitchener, mortgage broker, Mortgage rules, The Mortgage Centre, Kitchener, the mortgage centre kitchener, new mortgage rules, Waterloo, the mortgage centre kitchener waterloo, stress test, kitchener waterloo mortgage broker

Kitchener Waterloo home sales drop while prices continue to increase

Posted by Richard Kitts on Mon, Nov 06, 2017 @11:17 AM

The house prices in Kitchener Waterloo continued to rise last month, while the number of sales decreased.   The KW Association of  Realtors says the number of home sold compared to October last year was down by 16.6% but the average sale price increased by 11.4%.  The associations president believes this is because Kitchener Waterloo's economy is growing, tech companies are expanding and lots of jobs are available. 

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Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
[email protected]
519-743-4365

Tags: Kitchener-Waterloo, The Mortgage Centre KW, Kitchener real estate, waterloo real estate, Mortgage broker Kitchener, mortgage broker, Mortgage rules, The Mortgage Centre, Kitchener, the mortgage centre kitchener, Waterloo, real estate, KWAR, Kitchener Waterloo Association of Realtors

Tips for Meeting Your Kitchener Waterloo Mortgage Broker

Posted by Richard Kitts on Fri, Sep 15, 2017 @02:47 PM
 
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Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
[email protected]
519-743-4365

Tags: kitchener waterloo mortgage broker, mortgage tips

The Mortgage Centre KW can help with closing complications arising from the market cool down

Posted by Richard Kitts on Wed, Sep 06, 2017 @11:44 AM

The Mortgage Centre in Kitchener Waterloo, has assisted with a couple of clients who have been caught in the market turndown.

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Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
[email protected]
519-743-4365

Tags: Kitchener-Waterloo Mortgage, Mortgage broker Kitchener, mortgage broker waterloo, mortgage broker, mortgage kitchener, mortgage, Waterloo Mortgage, Kitchener Mortgage, Canadian real estate market, private funding, bridge loan

Kitchener Best Mortgage - Housing Market Update – June 2017

Posted by Richard Kitts on Thu, Aug 10, 2017 @04:24 PM

Much like it has been for the past several months and all of last year, demand for homes in the Kitchener-Waterloo region remained high last month.

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Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
[email protected]
519-743-4365

Tags: Kitchener real estate, housing market, kitchener best mortgage

Tougher Rules And Higher Rates: What’s Next For The Mortgage Market?

Posted by Richard Kitts on Tue, Aug 08, 2017 @12:55 PM

Over the past year a few new rules and changes have been put in place that have affected the mortgage market, including:

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Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
[email protected]
519-743-4365

Tags: Canada's mortgage market, mortgage, mortgage market, rate, Overnight rate, mortgage qualifying rate, stress test, qualifying rate

Strong evidence of overall problematic conditions continue for Canada, Toronto, Vancouver, Hamilton and Victoria

Posted by Richard Kitts on Sat, Aug 05, 2017 @09:00 AM

Check out CMHC's assessment on Canada's Housing Market here >>

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Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
[email protected]
519-743-4365

Tags: CMHC, Canada's economy, Housing Market Assessment

Toronto home prices plunge as buyers retreat

Posted by Richard Kitts on Fri, Aug 04, 2017 @04:08 PM

Toronto home prices have fallen.

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Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
[email protected]
519-743-4365

Tags: Canada, Ontario, Toronto, Canada's economy, housing market, The Toronto Real Estate Board

Spring Consumer Survey Report

Posted by Richard Kitts on Thu, Jul 20, 2017 @09:00 AM

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Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
[email protected]
519-743-4365

Tags: Canada, consumer debt, mortgage, Canadian economy, economy, homebuyer, will dunning

Bank of Canada raises interest rate for 1st time in 7 years to 0.75%

Posted by Richard Kitts on Wed, Jul 12, 2017 @04:37 PM

The Bank of Canada Rates increased by the anticipated ¼%. With Bond markets increasing, you may also see pressure on the longer term fixed rates to rise again. 

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Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
[email protected]
519-743-4365

Tags: The Mortgage Centre KW, Bank of Canada, The Mortgage Centre, fixed rate, Mortgage Rates, Key interest rate, Overnight rate, Increased rate